Cyient jumps as its arm inks pact to acquire 100% equity in Certon Software
Date: 24-01-2017Cyient is currently trading at Rs. 486.50, up by 20.55 points or 4.41 % from its previous closing of Rs. 465.95 on the BSE.
The scrip opened at Rs. 469.00 and has touched a high and low of Rs. 492.60 and Rs. 468.05 respectively. So far 4771 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 555.00 on 13-Oct-2016 and a 52 week low of Rs. 370.50 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 495.00 and Rs. 459.20 respectively. The current market cap of the company is Rs. 5335.64 crore.
The promoters holding in the company stood at 22.18%, while Institutions and Non-Institutions held 64.64% and 13.17% respectively.
Cyient’s wholly owned subsidiary Cyient Inc., USA has signed a definitive agreement to acquire 100% equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction. This transaction will further strengthen the automation in its key vertical Aerospace and Defense in line with strategy for growth.
Cyient, formerly Infotech Enterprises is a company focussed on engineering, networks and operations. The company features among the top outsourcing companies in the world.